Medical Loan in Singapore —
Medical bills rarely arrive at a convenient time. Medishield Life covers hospitalisation costs up to a limit. What remains is yours to settle, and most hospitals require a deposit before the procedure begins. Swift Credit is a MinLaw-licensed moneylender at Bugis. Apply via Singpass MyInfo in 2 minutes. Cash disbursed the same day you visit us.
Medishield Life does not cover everything. Deductibles of SGD 1,500 to SGD 4,500 apply before any payout begins. Co-insurance starts at 10% of the claimable amount after that.
Class A and private hospital bills are covered at a much smaller proportion. Dental, fertility treatments, and most outpatient specialist visits are excluded entirely.
The gap between what your insurance pays and what the hospital bills is where most families find themselves short.
The hospital asks for a deposit before the procedure is scheduled. Medishield covers part of the final bill, not the deposit upfront.
Chemotherapy and radiation cycles come with deductibles and co-insurance on every round. The costs accumulate across months of treatment.
Ongoing specialist visits, prescription costs, and follow-up scans that fall outside Medisave and Medishield limits.
Tooth extractions, root canals, crowns, bridges, and implants. Medisave does not cover most dental work.
Recovery sessions that extend beyond what insurance reimburses, especially after a road accident or workplace injury.
IVF and IUI cycles are not covered by Medishield Life. Each cycle at a private clinic in Singapore runs into the thousands.
Psychiatrist consultations and therapy sessions at private clinics, where subsidised slots have long waiting lists.
Cataract removal at a private hospital or specialist clinic when public hospital waiting times are too long.
Your borrowing limit is set by MinLaw based on your annual income and residency status. This is your total unsecured limit across all licensed moneylenders in Singapore combined.
A working example on a SGD 5,000 medical loan over 6 months.
Start your application via Singpass MyInfo or call us directly. We review your application and contact you within the hour during office hours.
Foreigners do not need a local guarantor at Swift Credit. Your application is assessed on your own income and employment status.
Swift Credit will never ask for your Singpass password.
Join over 10,000 clients who have experienced the Swift difference in Bugis.
Takes 2 minutes. Your identity and income data are retrieved automatically from government records. No manual form filling needed.
Our team reviews your application and contacts you during office hours. We confirm what you qualify for before you travel to us. If you do not qualify, we tell you at this stage. You do not make a wasted trip.
Come to 192 Waterloo St, #02-06 Skyline Building. MinLaw requires all loan contracts to be signed in person at our registered office. We walk through every term with you before you sign. You can walk away at any point at no cost. Funds are disbursed the same day after signing.
Start your application now using Singpass MyInfo, or contact us directly for assistance.
We call you within the hour during office hours to confirm your assessment.
If you apply and visit us on the same day during office hours, you can have your cash the same day. Submit your application via Singpass MyInfo. We contact you within the hour to confirm what you qualify for. Come to our Bugis office, sign your contract, and funds are disbursed immediately. The in-person signing is required by MinLaw. It is fast once your application is reviewed.
No. You do not need to submit a hospital bill or medical report. We assess your application based on your income and current MLCB balance. The funds are disbursed to you directly. How you use them is your decision.
Yes. Whether you are a parent covering your child’s hospital deposit or child managing your elderly parent’s medical costs, you apply in your own name. The loan is assessed on your income and repayment capacity, not on who receives the treatment.
A low CBS score does not automatically disqualify you. Banks use CBS. Licensed moneylenders check your MLCB record, which tracks your borrowing across moneylenders only. If your current income supports repayment and your MLCB balance is within your MinLaw limit, you may still qualify.
No. Licensed moneylender loans are recorded in the MLCB system, which is entirely separate from CBS. Banks and HDB cannot see your MLCB record. Borrowing from Swift Credit does not affect your CBS grade or your HDB flat application.
Your MinLaw limit is based on your annual income. If the bill exceeds what you can borrow, speak to our loan officers about structuring the loan around the portion we can cover. For the remainder, options include Medisave drawdowns, Medishield payouts after treatment, or a direct payment plan with the hospital. We will not send you away without a clear next step.
Yes. No penalties apply. You receive an interest rebate on the remaining months. Paying early reduces your total cost.
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